Martinrea International Inc T.MRE

Alternate Symbol(s): MRETF

Consumer Cyclical Auto Parts

Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico.

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Martinrea International Inc > FCA lawsuit against Martinrea

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Comment by Puma1backon Mar 13, 2022 1:03pm

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Post# 34510071

RE:FCA lawsuit against Martinrea

Note 25 in the current Audit discusses the issue and MRE has various legal opinions that would have been thoroughly read by KPMG and their lawyers and all have concluded there were not enough merits in the FCA arguments to warrant any $ accrual at all.

Blazentownes wrote: Any body have any more information on the lawsuit that FCA filed against Martinrea, due to breach of contract to supply engine blocks? FCA (now Stellantis) said it could cost them $100 million US dollars.

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